When there is an unplanned draw down of inventories, firms will increase production.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Which of the following best describes the impact of technological change on labor? a. Technology causes unemployment in the short run and lower incomes in the long run
b. Technology causes unemployment in the short run and higher incomes in the long run. c. Technology causes unemployment in the long run and higher incomes in the short run. d. Technology causes unemployment in the long run and lower incomes in the short run. e. Technology causes unemployment and lower incomes in both the long run and the short run.
Which of the following were discovered in a Federal Trade Commission Study of 8,000 new and used Corvettes sold on eBay between 2001 and 2003?
a. The last-minute bids on new Corvettes were higher than that on used ones. b. The median winning bid on new Corvettes exceeded that on used ones. c. The median winning bid on used Corvettes exceeded that on new ones. d. The last-minute bids on used Corvettes were higher than that on new ones.
Residential construction (new houses and apartments) are included in which component of GDP?
A. Government purchases B. Retail spending C. Investment spending D. Net exports
The interest rate is determined purely by market forces, and not by government involvement.
Answer the following statement true (T) or false (F)